Pakistan's road shows for the issuance of Euro Bond worth US $ 500 million had received an overwhelming response in the international markets.
The Spokesman of the Ministry of Finance quoting Finance Minister Senator Muhammad Ishaq Dar that the process for the issuance of the Euro bond would be completed during next twenty four hours.
He said that road shows for the issuance of US $ 500 million were held in Dubai on April 2, London on April 4 and in New York on April 7 which was led by Finance Minister Ishaq Dar.
The second team led by Finance Secretary Dr.Waqar Masood Khan were conducted in Singapore, Hong Kong and Los Angeles.
The indicative offer for the Pakistan’s Euro Bond is US $ 500 million but an overwhelming response was received for the Pakistani bond by the international investors, he added.
He said that the Finance Minister called the Prime Minister and informed him about the progress made so far. The Prime Minister expressed his satisfaction over the process of the Euro Bond and hoped that in future too, the economic policies of the government would be successful. Both the leaders congratulated each other over the performance of Pakistan’s bond in the international market.
He further said that International investors and Bond managers have lauded the economic policies and reforms introduced by the Government of Pakistan and said that the results of Pakistan's bond market will be positive.
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